Civil Bank appoints Laxmi Capital for its rights issue

Published On: May 4, 2017 10:09 AM NPT By: Republica  | @RepublicaNepal

KATHMANDU, May 4: Civil Bank Ltd has appointed Laxmi Capital Market Ltd as its issue manager for 30 percent rights issue.

According to the bank, its acting CEO Govinda Gurung and CEO of Laxmi Capital Market Limited, Rajiv Sapkota, signed a Memorandum of Understanding, for the rights issue.

 “After the issuance of the right shares and expected bonus shares from the Fiscal Year 2016/17, the paid-up capital of the bank will reach the desired level as directed by Nepal Rastra Bank,” the bank said in a statement.

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